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The most recent mismanagement is more of the same nepotism. The CEO, Jay Sidhu, not only has his unqualified daughter running Bank Mobile (which keeps losing money), he?s now named his son as Vice Chairman and COO, claiming they?re searched the world and couldn?t find anyone as qualified. Clearly, they didn?t search the world or even the region. This place is a mess. I can?t believe the govt doesn?t come in and do something, especially since it?s publicly traded. Run far way from this bank - it?s not a real bank.
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